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S. 2114 113th Congress Senate

Bond Transparency Act of 2014

Official title: A bill to amend the Securities Exchange Act of 1934 with respect to disclosures to investors in municipal and corporate debt securities, and for other purposes.

Introduced: March 12, 2014 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector Corporate finance and managementSecuritiesState and local finance
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 12, 2014
Introduced in Senate
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 Latest action March 12, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Bond Transparency Act of 2014 - Amends the Securities Exchange Act of 1934 to define a "riskless principal transaction" as any transaction the Securities and Exchange Commission (SEC) identifies as one, but primarily one in which a broker, dealer, or municipal securities dealer acts on a customer order to buy or sell either municipal securities or corporate debt securities while also acting as principal for its own account in order to complete the transaction.

Requires a broker or dealer, at or before completion of the transaction, to make a markup disclosure in writing to the customer of the difference between either: (1) the customer's purchase price and the broker or dealer's purchase price; or (2) the customer's sale price and the broker or dealer's sale price.

Subjects riskless principal transactions in corporate debt securities to the same markup disclosure requirements as those for riskless principal transactions in municipal securities.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2114: Bond Transparency Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2114/
MLA
"S. 2114: Bond Transparency Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2114/.
Bluebook (legal)
S. 2114, 113th Cong. (2026), https://openamerica.io/bill/113-S-2114/.
Markdown link
[S. 2114: Bond Transparency Act of 2014](https://openamerica.io/bill/113-S-2114/)
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